The "Middle East and Terrorism" Blog was created in order to supply information about the implication of Arab countries and Iran in terrorism all over the world. Most of the articles in the blog are the result of objective scientific research or articles written by senior journalists.

From the Ethics of the Fathers: "He [Rabbi Tarfon] used to say, it is not incumbent upon you to complete the task, but you are not exempt from undertaking it."

The budget for Israel's Iron
Dome missile interceptor will not be effected in the budget cuts.

|

Photo credit: Dudu Grunshpan

President Barack Obama announced that the cuts
to aid for Israel resulting from the sequester budget cuts, an
automatic 8 percent cut across the federal budget that went into effect
last Friday, will be much lower than originally thought.

Estimates earlier in the week said that Israel
stood to lose $250 million in U.S. aid according to the
across-the-board 8% figure. The reduction for Israel, however, will be
only 5%. This means that the cut will be $155 million, $95 million less
than the original amount, in the 2013 fiscal year, out of a total of
$3.1 billion.

Sources in Washington confirmed the adjusted
amount to Finance Minister Yuval Steinitz. The Finance Ministry chose
not to officially publish the decision, allowing Obama to make the
announcement during his visit to Israel in March, but someone from
within the ministry leaked it.

U.S. foreign aid to Israel stands at $3.1 billion for
2013, $2.4 billion of which goes into Israel's 2013 budget under "other
revenue." As a result, the continued development of the Iron Dome
missile interceptor will not be effected by the cut. The budget cut
does, however, provide the Finance Ministry with good reason to
recommend that Prime Minister Benjamin Netanyahu trim Israel's defense
budget by 4.5 billion shekels ($1.2 billion): 1.5 billion shekels (about
$403 million) in 2013 and another 3 billion shekels (about $805
million) the following year.

1 comment:

Rhonda
said...

Israel should not have to cut one dime/shekel from their military defense. They are surrounded by Muslim countries that want to annihilate them and wipe them off the map. The only reason they are still standing and surviving is because they DO spend much on their defense. That and God has their back...